Tech elites leaving San Francisco threaten Silicon Valley's supremacy

Re:Tech elites leaving San Francisco threaten Silicon Valley... by boringg on Monday December 07, 2020 @03:42PM (#25337195)

Pretty sure NY had a pretty heinous violent crime streak in the 70s. If memory serves SF was pretty gritty in the 70s/80s as well.

The thing with SF is that the media and a large portion of the US loves to hate it - theres a narrative that keeps getting the replay button. They always will, and it will always die just like Silicon Valley is over and the next Silicon Valley will be in (insert any city, or china). These stories have been around forever, and they will continue forever. Yes SF will go through a down cycle as a result of pressure being taken off of the rental market, and it will fill right back in when people want to live in the city again and the pandemic has passed.

Pretty sure college is going to be in person again (UCB, UCSF, Stanford) as are the National Labs.

The media has overhyped this ... of all sources Business Insider.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by mrzimmerman on Monday December 07, 2020 @04:47PM (#25338046)

I felt the same way about the source. Business Insider is pretty far from a serious news source.

I know a couple of medium sized VC people who are going to start living outside of SF proper (not the Valley), but the people I know who live in the city love being in the city of San Francisco. The people who are leaving the bay area were probably always going to leave some day if they weren't happy there.

And you're dead on about schools and research centers that require in person. Hardware or R&D need a physical space for work and security. And some people do like a cool office experience.

Anyway, tl;dr I agree with you, ha ha.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by boringg on Monday December 07, 2020 @10:07PM (#25341240)

I agree with your agreement with me :)

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by headsupftw on Tuesday December 08, 2020 @01:23AM (#25342478)

Crime or not, NYC seems to be doing pretty well. Top dog in the entire country for the past decades and the foreseeable future.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by tharne on Tuesday December 08, 2020 @09:45AM (#25345776)

They're not looking so hot at the moment. Huge outflow of people and businesses due to the one-two punch of COVID and rising crime + defund the police.

The recent announcement by Goldman Sachs about moving a large chunk of their operations to Miami is not a good sign for NYC.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by boringg on Tuesday December 08, 2020 @09:21AM (#25345440)

Depends on the metrics you are ranking by.

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